If you think technology is not a fast evolving sector, just remember, the first iPhone came out a short eight years ago. Think of how in that time the smartphone has changed everything. A new research report from Deutsche Bank focuses on three tech stocks to buy that are part of the new analytics and big data revolution.

The Deutsche Bank team report that in recent conversations with the top vendors in the analytics and big data arena, some have recently noted that they are seeing larger enterprise deals, as customers look to displace portions of old legacy “BI 1.0” deployments. Business intelligence (BI) is a term coined by Gartner in 1989 as a label to which all the organizational and technological facets of gathering and analyzing available data to improve business decision making and performance can be applied.

Deutsche Bank makes the case that while this redeployment migration opportunity is in the earliest of stages, the end potential could be huge, especially considering that the legacy BI platform software market is a massive $14 billion today, and a small 15% to 20% could be gigantic for smaller companies.

The Deutsche Bank analysts are focused on three top stocks to buy now that may take advantage of this huge potential.

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Qlik Technologies

Qlik Technologies Inc. (NASDAQ: QLIK) is the top pick at Deutsche Bank, and the company that beat second-quarter earnings estimates. Its QlikView Business Discovery platform lets people quickly bring data sources together to create dynamic visual applications that can be navigated and searched intuitively. QlikView uses Natural Analytics to reflect the way human curiosity searches and processes information, while delivering the enterprise manageability, governance and service offerings organizations require.

Qlik Technologies was named in the spring the top “cross-industry” vendor in the KLAS Report, “Healthcare Analytics: Moving Toward the Continuum of Care,” for having the best understanding of health care analytics and for being one of the most important vendors to a customer’s organization in terms of their future BI and analytics plans.

The company’s new Qlik Sense product, which has helped push the company in the business intelligence and analytics market, is seeing strong demand trends as the second-quarter licensing total of $76.3 million was much higher than estimates and the strongest since 2011. New customer license and maintenance billings were up 35% in the United States and 28% in the European Union.

The Deutsche Bank price target for the stock is $50, and the Thomson/First Call consensus price target is $45.56. The stock closed most recently at $39.

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MicroStrategy

This is another top company that has continued to post outstanding earnings. MicroStrategy Inc. (NASDAQ: MSTR) is a leading worldwide provider of enterprise software platforms. Its main business goal is to provide enterprise analytics, mobility and security platforms that are flexible, powerful, scalable and user friendly.

The company recently released a huge update to MicroStrategy 10 that includes hundreds of new and improved features and a wide range of performance enhancements across the product platform. MicroStrategy’s analytics platform marries enterprise analytics, mobility and security with the flexibility and ease of use desired by many business users today. MicroStrategy 10 satisfies the needs and requirements of many information technology departments, and the company thinks that business users will enjoy this powerful and very agile solution.

The Deutsche Bank team cites the refresh as a positive, and the company, like others in the arena, could be potential a buyout target.

The Deutsche Bank price target is $245, and the consensus target is $248.25. Shares closed Wednesday at $198.34.

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Tableau Software

This red-hot stock is a top technology stock, but it took a big hit in July and is offering aggressive accounts a great entry point. Tableau Software Inc. (NASDAQ: DATA) provides business analytics software products in the United States, Canada and internationally. The company offers Tableau Desktop, a self-service analytics environment that empowers people to access and analyze data independently, as well as Tableau Server and Tableau Public, a free cloud-based platform for analyzing and sharing public data. The company’s business intelligence platform with data management and scalability, has the security to foster the sharing of data.

Many on Wall Street are sold on the company’s ability to sustain solid revenue growth and have a very positive opinion of the corporate management and strategy. Some even think that the company is currently taking share from almost every peer.

In addition, the company announced the launch of its Shanghai operations as the company expands in China to better serve customers and partners locally. With 1.3 billion people, a quickly expanding urban economy and exponential rates of Internet and smartphone penetration, China generates an immense amount of data annually. Tableau can help bring that data to life for corporations seeking to assimilate the huge data input.

The Deutsche Bank price target is $130, and the consensus price objective is $122.73. Shares ended Wednesday at $93.63.

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While the Deutsche Bank team points out clearly that this is the beginning of what could be a huge cyclical shift, it is very, very early in the game. The stocks are only appropriate for accounts with a large risk tolerance. That said, they all could be takeover targets, and big data analytics software will only continue to grow.

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